Seizert Capital Partners LLC Grows Position in Maplebear Inc. $CART

Key Points

• Seizert Capital Partners LLC boosted its Maplebear (NASDAQ:CART) stake by 31% in Q4, buying 50,155 shares to own 211,862 shares valued at about $9.53 million.
• Institutional ownership stands at 63.09%, with other large funds also increasing exposure (e.g., Goldman Sachs owns 390,711 shares; Royal Bank of Canada rose 51.2% to 131,789 shares), indicating significant institutional interest.
• Insiders have been net sellers recently, offloading 144,863 shares worth roughly $5.42 million in the past 90 days, including sizable sales by the CAO and General Counsel.

Seizert Capital Partners LLC grew its stake in Maplebear Inc. (NASDAQ:CART - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,862 shares of the company's stock after buying an additional 50,155 shares during the period. Seizert Capital Partners LLC owned 0.08% of Maplebear worth $9,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of Maplebear by 51.2% in the 1st quarter. Royal Bank of Canada now owns 131,789 shares of the company's stock valued at $5,256,000 after acquiring an additional 44,642 shares during the period. NewEdge Advisors LLC lifted its position in Maplebear by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,673 shares of the company's stock worth $67,000 after acquiring an additional 698 shares during the period. Jones Financial Companies Lllp grew its stake in Maplebear by 358.5% during the 1st quarter. Jones Financial Companies Lllp now owns 3,200 shares of the company's stock valued at $128,000 after purchasing an additional 2,502 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Maplebear by 17.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 390,711 shares of the company's stock valued at $15,585,000 after purchasing an additional 57,879 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Maplebear in the first quarter valued at about $268,000. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Maplebear Stock Performance

NASDAQ:CART opened at $42.19 on Monday. The stock has a 50 day moving average of $38.99 and a two-hundred day moving average of $39.86. Maplebear Inc. has a 12 month low of $32.73 and a 12 month high of $53.50. The firm has a market cap of $9.99 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 0.65 and a beta of 0.96.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on Maplebear from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, March 30th. Jefferies Financial Group upgraded shares of Maplebear from a "hold" rating to a "buy" rating and increased their price target for the stock from $38.00 to $45.00 in a report on Monday, March 30th. Stifel Nicolaus reduced their price target on shares of Maplebear from $49.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, January 27th. Raymond James Financial upgraded shares of Maplebear from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 9th. Finally, BNP Paribas Exane started coverage on shares of Maplebear in a report on Wednesday, January 14th. They issued an "underperform" rating and a $41.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Maplebear has a consensus rating of "Moderate Buy" and an average price target of $51.29.

Insider Buying and Selling

In other Maplebear news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $40.25, for a total value of $377,947.50. Following the transaction, the chief accounting officer owned 58,971 shares in the company, valued at approximately $2,373,582.75. This trade represents a 13.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Morgan Fong sold 126,083 shares of Maplebear stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total transaction of $4,676,418.47. Following the sale, the general counsel directly owned 386,643 shares in the company, valued at approximately $14,340,588.87. This trade represents a 24.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 144,863 shares of company stock worth $5,418,135 over the last ninety days. Corporate insiders own 24.00% of the company's stock.

Maplebear Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers' existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.

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